Rollins Crossing​

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Round Lake Beach, IL

 

     

Rollins Crossing is a 110,292-square-foot institutional quality Select Open Air Retail (SOAR) center in a dense suburb of Chicago, IL. This center is shadow anchored to a top performing Meijers.

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The center is anchored by LA Fitness which has completed a substantial remodel in conjunction with a long-term renewal and a top performing Petco in the Chicagoland region. Also, the center contains multiple out parcels with national tenants like Harbor Freight, Jersey Mikes, Great Clips, and GNC. At the time of acquisition, the asset was 90% occupied with additional land for development that can accommodate  30,000 SF retail building - representing a great value-add opportunity in a market with average occupancy over 97%. 

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Rollins Crossing is positioned along E Rollins Rd with over 28,000 VPD right off of State Highway 83. Demographics in the area are strong with 145,000 people living in a 5 mile radius earning average incomes of over $117,000. 

 

PMAT acquired this property off-market through a strategic REIT relationship that required an expedited closing timeframe.